I was looking for overvalued companies a couple of days ago. KMX became a candidate due to its high debt and high multiples.
So, I staged an order, thinking I will review it one more time in the morning. But I forgot all about it and it got executed.
So, I am short KMX now. Looking at the chart looks like next week will tell if it was a lucky accident or not so much.
If it closes under the potential H&S, I am keeping the short. Be warned, I tend to see H&S everywhere and I know that =)
So, I staged an order, thinking I will review it one more time in the morning. But I forgot all about it and it got executed.
So, I am short KMX now. Looking at the chart looks like next week will tell if it was a lucky accident or not so much.
If it closes under the potential H&S, I am keeping the short. Be warned, I tend to see H&S everywhere and I know that =)